The PM has okayed a scheme on creation of a legal framework for management and handling of cryptocurrency and vitual property.

The Ministry of Industry and Trade plans to remove 464 to 612 conditions for establishing businesses and conducting business activities, according to Minister Tran Tuan Anh.

An official of the Vietnam Association of Small and Medium-Sized Enterprises has recently suggested comprehensive acts to be taken to remove difficulties for enterprises, including adopting a more effective corporate income tax reduction policy.

Resolution No. 42/2017/QH14 on trial dealing with non-performing loans of credit institutions was passed on June 21, 2017, by the National Assembly. It took effect on August 15, 2017, and remains in force for five years from that date. The resolution is a long-awaited text and expected to help credit institutions to better deal with their non-performing loans. A significant number of provisions of this text are about secured transactions which are at the heart of the process of recovery of bank loans for the time being. This article tries to give an overview of the text.

The Ministry of Finance is considering proposing the Government to annul Decree 104 dated June 14, 2007, on debt collection service provision instead of issuance of a new decree to replace it.

“It is unreasonable if the Real Estate Tax Law is built without making any changes in the land use levy collection mechanism and policy”, said Chairman Le Hoang Chau of the Ho Chi Minh City Real Estate Association.

Deputy Prime Minister Vuong Dinh Hue has given his opinions on the proposal to revise five tax laws.

The Government on August 7 issued a decree on state monopoly over 20 groups of goods and services, including goods and services for national defense and security, production of gold bars, and import of cigarettes and cigars.

Deputy PM Vuong Dinh Hue has asked related management agencies to focus on preparing a strategy for development of the securities market through 2020 with a vision toward 2030, submitting to the Government a plan to merge the two stock exchanges, and amending the Securities Law in which priorities should be given to building the legal framework for future development of derivatives and derivatives market.

Under the legislation on investment, the provision of logistics services qualifies as a conditional business line. The current legal framework applicable to logistics services was enacted in line with the Schedule of Specific Commitments in Services resulting from the negotiations between Vietnam and WTO members.